Volkswagen Truck & Bus enters into strategic alliance with Navistar, takes 16.6% stake; entry into N. America
Green Car Congress
SEPTEMBER 6, 2016
Volkswagen Truck & Bus has formed a wide-ranging strategic alliance with Navistar International Corporation, which includes an equity investment in Navistar by Volkswagen Truck & Bus and framework agreements for strategic technology and supply collaboration and a procurement joint venture. Volkswagen Truck & Bus will purchase from Navistar newly issued common shares representing, pro forma for such issuance, a 16.6% stake (19.9% of pre-transaction outstanding common stock) in Navistar for a pric
Let's personalize your content